What are the implications of U.S. GAAP and authoritative support to the researcher?

Question:

What are the implications of U.S. and authoritative support to the researcher?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...